DHLX ETF — Diamond Hill Large Cap Concentrated ETF

Diamond Hill Large Cap Concentrated ETF (DHLX)

Updated October 16, 2026.

DHLX is an ETF. its distribution rate is 1.08%, its trailing-12-month yield is 0.89%, its expense ratio is 0.55%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 7.3% over the past year, 8.9 points behind SPY at 16.2%.

Diamond Hill Large Cap Concentrated ETF is an ETF that invests at least 80% of its assets in large-cap U.S. equity securities the adviser identifies as undervalued, selling positions as they reach estimated fair value or when business fundamentals deteriorate. The fund offers a modest current distribution rate and pays distributions quarterly, with an expense ratio of 0.55%. It appeals to value-oriented equity investors seeking concentrated exposure to large-cap stocks rather than broad market diversification.

DHLX performance versus SPY

Price and return data through 2026-10-16.

Total return is 7.3% over the past year, 8.9 points behind SPY at 16.2%. Its deepest 1-year drawdown was 8.4%.

DHLX key facts

Distribution Safety Score™

50 · Unproven

Issuer

Diamond Hill Funds

Asset type

ETF

Asset class

Equity

Inception date

02/26/2021

Expense ratio

0.55%

Distribution rate

1.08%

Distribution frequency

Quarterly

Trailing yield

0.89%

Last close

$13.93 (as of 2026-10-16)

AUM

$70,160,556

Average volume

17415.0

Dividend

$0.0375

Ex-dividend date

09/29/2026

Payment date

10/02/2026

Beta

0.65

How Dividend Vision calculates yield and returns

Distribution rate (1.08%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.89%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Diamond Hill Funds; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

DHLX risks and drawbacks

DHLX's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 8.4%.

Who may consider DHLX — and who may not

It is a weaker fit for investors who need monthly cash flow (DHLX pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on DHLX

• All tickers starting with D

Tagged: Large Cap.

Frequently asked questions

More securities from Diamond Hill Funds.